Eliyahu Siouni And Joseph Aghelian Purchase Bedford-Stuyvesant Multifamily Property For $1.3M
SOLD
$1,300,000
New York
See Similar DealsMultiFamily2,520 SF
Sold 02/24/2025
SOLD
Eliyahu Siouni And Joseph Aghelian Purchase Bedford-Stuyvesant Multifamily Property For $1.3M
569 Monroe Street
See Similar DealsMultiFamily2,520 SF
Sold 02/24/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$515
Total Square Footage:2,520 SF
Transaction Type:Sale
The property asset involved in this transaction is a MultiFamily building located at 569 Monroe Street in the Bedford-Stuyvesant market of Brooklyn. The transaction was completed for a price of $1,300,000.00. The asset consists of 2 units and has a total square footage of 2,520.0.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $1,300,000.00
- Address: 569 Monroe Street
- Market: Bedford-Stuyvesant, Brooklyn
- Units: 2
- Square Footage: 2,520.0
- Buyer: Eliyahu Siouni - The Siouni Organization, Joseph Aghelian - Park Slope Associates
- Seller: Dorritt Gilchrist
The deal features Eliyahu Siouni from The Siouni Organization and Joseph Aghelian from Park Slope Associates as the buyers. Dorritt Gilchrist is the seller in this transaction, highlighting the involvement of key individuals representing both sides of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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